INSUBCONTINENT EXCLUSIVE:
Twenty Indian companies, up eight from last year, are among the 500 most-valuable ones in the world, a report released on Friday showed
With a valuation of $202 billion, Reliance Industries was the most valuable Indian company on the list
Globally, it was the 34th biggest company
Apple, worth $2.4 trillion, was the most valuable company, followed by Microsoft, with a value of $1.8 trillion.
In the last year, the top
500 companies of the world lost $11.1 trillion of their value, the 2022 Hurun Global 500 report released by Hurun Research Institute
said.
"This year the Hurun Global 500 lost $11 trillion of value, losing all the value created last year but still $7 billion ahead of
where the Hurun Global 500 were two years ago," Rupert Hoogewerf, chairman and chief researcher at Hurun India, said.
Tata Consultancy
Services, valued at $139 billion, was the second most valuable Indian company on the list
Four companies of the Gautam Adani-led Adani Group featured in the top 500
These were Adani Transmission, Adani Green, Adani Green Energy and Adani Total Gas
At $63 billion, Adani Enterprises was the most valued among these.
Other companies featured in the top 10 globally included names like
Alphabet, Amazon, Tesla, Berkshire Hathaway, Johnson and Johnson and Exxon Mobil.
The financial services sector was the biggest contributor
to the list, with 104 companies from the sector on the list
United Health Group and Visa were the two financial services companies in the top 10.
While at $2.4 trillion, the media and enterprises
sector lost the most money in 2021
Meta Platforms faced a wipeout of $618 billion last year; its valuation now stands at $349 billion.
Zoom, Snap, and Adidas were among the
companies that dropped out of the top 500.
Saudi Aramco was the world's most valuable listed state-controlled company, with a total value
State Bank of India (SBI), at $62 billion, and the Life Insurance Corporation of India (LIC), at $45 billion, were the two biggest
state-owned Indian companies
These did not feature in the list as they contained only non-state-controlled companies.
"Global markets have had a bad year, with the
exception of India, where the benchmark Sensex was up 12per cent
Hong Kong's Hang Seng and Russia's MOEX were both down by half, Korea's KOSPI was down 31 per cent, Shenzhen Component Index was down 29 per
cent, Nasdaq was down 21 per cent, Shanghai Composite Index was down 16 per cent, South Germany's DAX down 15 per cent and the UK's FTSE was
flat," Anas Rahman Junaid, MD and chief researcher at Hurun India said.
Total valuation of the top 500 companies falls by $11.1
trn
20 Indian companies in the top 500
RIL and TCS, are the only Indian companies to feature in the top 100
Reliance Industries,
valued at $202 billion, is the most valued Indian company
Meta Platforms lost the most money, down $618 billion in valuation
Zoom is the most-valued dropout from the top 500
